Kailua Kona appreciation rates and housing market information

Kailua Kona housing market information

With a population of 25,301, 12,334 total housing units (homes and apartments), and a median house value of $650,100, real estate costs in Kailua Kona are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Hawaii communities.

single-family detached homes are the single most common housing type in Kailua Kona, accounting for 53.56% of the town's housing units. Other types of housing that are prevalent in Kailua Kona include large apartment complexes or high rise apartments (34.07%), duplexes, homes converted to apartments, or other small apartment buildings (8.83%), and a few row houses and other attached homes (3.45%).

People in Kailua Kona primarily live in small (one, two, or no bedroom) single-family detached homes. Kailua Kona has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Kailua Kona built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Kailua Kona built from 1940-1969 (11.24%). A lesser amount of the housing stock also hails from 1995 and later (9.42%), and some were built from 1939 and earlier (9.42%).

Kailua Kona home appreciation rates

In the last 10 years, Kailua Kona has experienced some of the highest home appreciation rates of any community in the nation. Kailua Kona real estate appreciated 153.76% over the last ten years, which is an average annual home appreciation rate of 15.37%, putting Kailua Kona in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Kailua Kona definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Kailua Kona appreciation rates have trailed the rest of the nation. In the last twelve months, Kailua Kona's appreciation rate has been -4.68%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Kailua Kona were at -1.63%, which equates to an annual appreciation rate of -6.52%.

Relative to Hawaii, our data show that Kailua Kona's latest annual appreciation rate is higher than 8% of the other cities and towns in Hawaii.